Martingale Asset Management L P Buys 9,304 Shares of Resideo Technologies, Inc. (NYSE:REZI)

Martingale Asset Management L P boosted its stake in Resideo Technologies, Inc. (NYSE:REZI) by 17.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,322 shares of the company’s stock after purchasing an additional 9,304 shares during the quarter. Martingale Asset Management L P’s holdings in Resideo Technologies were worth $1,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Nilsine Partners LLC boosted its stake in Resideo Technologies by 3.3% in the 2nd quarter. Nilsine Partners LLC now owns 14,256 shares of the company’s stock worth $279,000 after purchasing an additional 452 shares during the period. Commonwealth Equity Services LLC boosted its stake in Resideo Technologies by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 13,702 shares of the company’s stock worth $268,000 after purchasing an additional 454 shares during the period. Quest Partners LLC boosted its stake in Resideo Technologies by 2.3% in the 3rd quarter. Quest Partners LLC now owns 22,045 shares of the company’s stock worth $444,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC boosted its stake in Resideo Technologies by 50.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,592 shares of the company’s stock worth $31,000 after purchasing an additional 531 shares during the period. Finally, Arizona State Retirement System boosted its stake in Resideo Technologies by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 40,683 shares of the company’s stock worth $796,000 after purchasing an additional 535 shares during the period. Institutional investors own 91.71% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI started coverage on Resideo Technologies in a report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target on the stock.

Resideo Technologies Stock Performance

NYSE:REZI opened at $27.18 on Monday. The business’s 50-day moving average price is $22.16 and its two-hundred day moving average price is $20.84. Resideo Technologies, Inc. has a twelve month low of $16.16 and a twelve month high of $28.28. The stock has a market cap of $3.99 billion, a P/E ratio of 24.49 and a beta of 2.09. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69.

Insider Buying and Selling at Resideo Technologies

In related news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.16, for a total transaction of $2,585,366.64. Following the transaction, the insider now directly owns 458,928 shares of the company’s stock, valued at approximately $12,005,556.48. This trade represents a 17.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

About Resideo Technologies

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.